Hercules Capital, Inc. (NYSE:HTGC) Shares Bought by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 17.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 433,032 shares of the financial services provider's stock after purchasing an additional 62,826 shares during the quarter. Tectonic Advisors LLC owned about 0.27% of Hercules Capital worth $8,505,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Wedbush Securities Inc. raised its position in shares of Hercules Capital by 3.8% in the 2nd quarter. Wedbush Securities Inc. now owns 15,689 shares of the financial services provider's stock worth $321,000 after buying an additional 569 shares during the period. RMR Wealth Builders raised its position in shares of Hercules Capital by 3.5% in the 2nd quarter. RMR Wealth Builders now owns 16,997 shares of the financial services provider's stock worth $348,000 after buying an additional 571 shares during the period. Founders Financial Alliance LLC raised its position in shares of Hercules Capital by 2.3% in the 2nd quarter. Founders Financial Alliance LLC now owns 28,028 shares of the financial services provider's stock worth $573,000 after buying an additional 627 shares during the period. Hexagon Capital Partners LLC raised its position in shares of Hercules Capital by 28.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider's stock worth $66,000 after buying an additional 806 shares during the period. Finally, Global Assets Advisory LLC raised its position in shares of Hercules Capital by 6.1% in the 3rd quarter. Global Assets Advisory LLC now owns 17,785 shares of the financial services provider's stock worth $348,000 after buying an additional 1,028 shares during the period. Institutional investors and hedge funds own 19.69% of the company's stock.

Hercules Capital Stock Down 0.4 %

Shares of Hercules Capital stock traded down $0.09 during trading hours on Friday, hitting $19.90. 477,072 shares of the company's stock traded hands, compared to its average volume of 912,083. The stock has a 50 day simple moving average of $19.36 and a 200-day simple moving average of $19.58. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The company has a market cap of $3.23 billion, a PE ratio of 9.04 and a beta of 1.39. Hercules Capital, Inc. has a twelve month low of $15.02 and a twelve month high of $21.78.

Hercules Capital (NYSE:HTGC - Get Free Report) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $125.01 million during the quarter, compared to the consensus estimate of $124.99 million. Hercules Capital had a return on equity of 18.03% and a net margin of 57.82%. During the same period last year, the firm earned $0.53 earnings per share. Equities research analysts anticipate that Hercules Capital, Inc. will post 2.03 earnings per share for the current fiscal year.

Hercules Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 13th were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 9.65%. Hercules Capital's dividend payout ratio (DPR) is 72.73%.

Insider Buying and Selling

In related news, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $19.59, for a total value of $1,959,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,161,207 shares in the company, valued at approximately $42,338,045.13. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Nikos Theodosopoulos bought 1,608 shares of the firm's stock in a transaction on Tuesday, August 6th. The stock was bought at an average cost of $18.03 per share, for a total transaction of $28,992.24. Following the completion of the purchase, the director now directly owns 5,613 shares in the company, valued at approximately $101,202.39. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $19.59, for a total value of $1,959,000.00. Following the completion of the transaction, the chief executive officer now owns 2,161,207 shares of the company's stock, valued at approximately $42,338,045.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on HTGC. Piper Sandler raised their price objective on Hercules Capital from $22.00 to $22.50 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Wells Fargo & Company raised their price objective on Hercules Capital from $20.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday, July 26th. Finally, JMP Securities raised their price objective on Hercules Capital from $20.00 to $22.00 and gave the company a "market outperform" rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.00.

About Hercules Capital

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.